Has there ever in civilized history been a major wealth transfer without a prior/posterior disaster (war or other)? If so, what is relationship between density (occurrance x intensity) of wealth transfer with density of disaster?
Hyperinflation of fiat currency in post-WWI Germany destroyed savings & credit. Debt such as government bonds and mortgages came to be denominated in commodities such as rye (German "Roggen", the grain used for poor people's bread). Bank notes became play money & heating fuel.pic.twitter.com/Ks4jC0DW3Y
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Does the form of government (e.g. Venezuela) count as a disaster?
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If bitcoin can disrupt this system of infinite growth, then perhaps there is hope for humanity and the ultimate disaster may be avoided.
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And mainstream journalists still say, "It can't happen here. Pay no attentinon to the man behind the curtain!"https://irdial.com/blogdial/?p=2716 …
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@Itnom Is on point - Continental Euro Politics is tricky. In WWI, Switzerland used Italy, England, & France to conquer Germany - As War Spoils, stored German wealth transferred to Switzerland. -
From there, the Old Germans lost their savings, & culture diminished - In retribution, Switzerland used Germany to unite the Continent against UK / US / Rus / China. As the world transitioned to Continental Political Systems.
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@Domagojpetrovic - If wealth transfer is material, tax and inflation works. If wealth is cultural, indoctrination and degradation works. If wealth is Scientific Industrial Socialization, you win the game. - Global Fiat must play war games.
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They did that on purpose to get out of the deflationary debt spirral of WW1 debt. It worked. Economic mirracle right after.
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Thank God for Bit-gold!!
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have a look at
@radixdlt it will be at low volatility. -
Low volatility can't be engineered. Adoption and volatility have an inverse relationship.
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